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19 Cards in this Set
- Front
- Back
- 3rd side (hint)
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master & servant relationship
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once used to describe the relationship when one person employed another
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Employer & employee
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The terms for master and servant today.
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Good faith & fair dealing
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The underlying principle that courts today generally recognize, that it is implicit in all employment contracts; for example employers must constantly balance the right to conduct business with the employee's individual rights.
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Collective Bargaining
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was firmly established between employers and employees in 1926 when Congress passed the Railway Labor Act.
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Railway Labor Act
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This act regulated labor relations in the railroad industry, a dominant industry at the time. It was later amended to include airlines.
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Norris-LaGuardia Act of 1932
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Following the Railway Labor Act, this act limited the circumstances in which federal courts could prohibit strikes and picketing in labor disputes. This act also made yellow-dog contracts illegal.
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Yellow-Dog Contracts
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Agreements by which an employer requires employees to agree not to join a union.
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National Labor Relations Act (NLRA)
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Principally, the act extends legal protection to the unionizing efforts of employees and encourages their collective bargaining. It authorized and established the National Labor Relations Board (NLRB)
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National Labor Relations Board
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An independent administrative agency. Main functions are to oversee union representation elections and to investigate (and prosecute) charges of unfair labor practices.
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Section 8 of the NLRA
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The most important provision of the National Labor Relations Act (NLRA); this section declared it an unfair labor practice for an employer to (1) interfere with employees in the exercise of their rights to form, join, and assist labor unions and other concerted activities for mutual aid or protection; (2) interfere with formation or administration of a union; (3) discriminate against employees (a term that includes applicants in hiring or granting of tenure) because of union membership; (4) discriminate against employees because they have filed charges or given testimony under the NLRA (National Labor Relations Act); and (5) refuse to bargain collectively with any duly designated representative of the employees.
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ELECTIONS
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Elections that are supervised by the NLRB (National Labor Relations Board) determine, generally, whether a union will be selected and certified as the collective bargaining representative of a group of employees called the bargaining unit.
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The tax treatment of honorary director's fees.
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Reportable as self-employment income subject to Social Security self-employment tax. i.e., Fees for acting as a director are treated as earnings from self-employment.
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ch. 43
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A BILL OF LADING
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Document evidencing receipt of goods for shipment issued by person engaged in business of transporting or forwarding goods; includes airbill.
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Ch. 26
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CERTIFICATE OF DEPOSIT
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A written acknowledgment by a bank or banker of a deposit with promise to pay to depositor, to his order, or to some other person or to his order.
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Ch. 26
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WAREHOUSE RECEIPT
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Receipt issued by a person storing goods.
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Ch. 26
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PROMISSORY NOTE
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An unconditional written promise to pay a specified sum of money on demand or at a specified date. Such a note is negotiable if signed by the maker and containing an unconditional promise to pay a sum certain in money either on demand or at a definite time and payable to order or bearer.
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Ch. 26
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DRAFT
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A written order by the first to party, called the drawer, instructing a second party, called the drawee (such as a bank), to pay a third party, called the payee. An order to pay a sum certain in money, signed by a drawer, payable on demand or at a definite time, and to order or bearer.
i.e., a check is a draft. the check writer is the drawer, the bank is the drawee and the person getting the money is the payee. The rights of the payee can be transferred by the payee. |
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CHECK
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A draft drawn upon a bank and payable on demand, signed by the maker or drawer, containing an unconditional promise to pay a sum certain in money to the order of the payee.
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CASHIER'S CHECK
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A bank's own check drawn on itself and signed by the cashier or other authorized official. It is a direct obligation of the bank.
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